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Treasury Committee urges caution over digital pound

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Published on: 04 December 2023
Published by LNB News

LNB News 04/12/2023

Document Information

Issue Date: 04 December 2023

Published Date: 04 December 2023

Jurisdiction(s): England, Northern Ireland, Scotland and Wales

Article summary

The Treasury Committee has called on the Bank of England (BoE) and HM Treasury (HMT) to address data privacy and financial stability concerns before considering the implementation of a retail central bank digital currency (CBDC) or digital pound. In its First Report of Session 2023–24, the Committee discusses the potential risks and benefits of a digital currency, including its potential impact on physical cash.

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Jurisdiction(s):
England, Northern Ireland, Scotland and Wales

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